Jim Kimball Named New Regional President for Northern California in Wachovia's Western Banking Group
OAKLAND, Calif., April 21 /PRNewswire-FirstCall/ -- Wachovia announced today that Jim Kimball has been named Regional President for Northern California in its Western Banking Group. Kimball reports to Pete Jones, chief executive officer of the Western Banking Group.
Kimball will be based in Wachovia's Oakland office until June, when he will be headquartered in San Francisco. He will be responsible for the region's wholesale sales and service performance, and will collaborate with leaders across all lines of business to provide consistent delivery of Wachovia's brand. In addition, Kimball will provide leadership to Wachovia's business and commercial banking teams, drive business development, help attract new talent, and provide strategic direction for the region's banking performance. "I'm pleased to have a leader of Jim's caliber joining our Northern California team," said Jones. "His knowledge of both the wholesale banking model and the Northern California market will be a great asset to our customers, and his commitment to employee development and building strong teams will help us strengthen our commitment to leadership excellence."
Kimball joins Wachovia from Bank of America, where he served as the market executive for greater Bay Area Commercial Banking. In this role, he managed a team of client managers who worked with companies with annual revenues between $20 million and $2 billion. A 24-year veteran of Bank of America, Kimball has been awarded the Bank of America Business Development Officer of the Year for the state of California, as well as the Bank of America Spirit Award of Excellence. He received a bachelor's in finance and a master's in business administration from California State University, Sacramento. Since early 2007, Wachovia has opened 176 financial centers in the state. The bank has 10,000 employees in California and has already invested some $30 billion in its operations there. Wachovia is committed to providing affordable housing, offering financial literacy opportunities and supporting low- to moderate-income customers, and is planning to have all new branches in the state LEED certified (Leadership in Energy and Environmental Design) by the U.S. Green Building Council.
About Wachovia Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $808.9 billion and market capitalization of $53.8 billion at March 31, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.1 trillion in client assets through 18,600 registered representatives in 1,500 offices nationwide. First Call Analyst:
CONTACT: Eileen Leveckis of Wachovia Corporation, +1-510-446-4277, Web site:
2008-04-21 19:31:42 0341225 PRNEWSWIRE
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